Astronics Earnings: Here’s Why Investors are Ambivalent Now

Astronics Corp. (NASDAQ:ATRO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Results: Adjusted Earnings Per Share increased 21.74% to $0.56 in the quarter versus EPS of $0.46 in the year-earlier quarter.

Revenue: Rose 13.6% to $74 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Astronics Corp. reported adjusted EPS income of $0.56 per share. By that measure, the company beat the mean analyst estimate of $0.43. It beat the average revenue estimate of $71.97 million.

Quoting Management: Peter J. Gundermann, President and Chief Executive Officer, commented, “We started 2013 strong while setting many new records. Sales were strong across the majority of our markets and product lines. We believe our results demonstrate the value our customers place on our innovation and responsiveness and the growing opportunities for our products.”

Key Stats (on next page)…

Revenue increased 9.76% from $67.42 million in the previous quarter. EPS increased 51.35% from $0.37 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.44 and has not changed. For the current year, the average estimate has moved down from a profit of $1.89 to a profit of $1.82 over the last ninety days.